$ZEC Strong Rejection... Bears Are Pressuring Hard ❗❗
$ZEC has rejected from the $1,250 - $1,300 area and is now trading near $1,163.71.
The latest 4H candle shows strong selling pressure after the recent recovery.
A bounce towards $1,185 - $1,200 could provide a better short entry.
As long as price stays below $1,220, the bearish pressure can continue.
A break below $1,160 can open the way towards $1,140, $1,120 and $1,100.
Trade Setup — SHORT
Entry: $1,185 - $1,200
TP1: $1,140
TP2: $1,120
TP3: $1,100
SL: $1,225
Must use stop loss while trading
Trade on $ZEC
$ZEC has rejected from the $1,250 - $1,300 area and is now trading near $1,163.71.
The latest 4H candle shows strong selling pressure after the recent recovery.
A bounce towards $1,185 - $1,200 could provide a better short entry.
As long as price stays below $1,220, the bearish pressure can continue.
A break below $1,160 can open the way towards $1,140, $1,120 and $1,100.
Trade Setup — SHORT
Entry: $1,185 - $1,200
TP1: $1,140
TP2: $1,120
TP3: $1,100
SL: $1,225
Must use stop loss while trading
Trade on $ZEC
